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Rowan Companies plc Message Board

  • buyinglowsellinghigh buyinglowsellinghigh Dec 16, 1998 9:52 PM Flag

    KEG -----MOST UNDERVALUED OIL PLAY --- F

    most of oils moved on iraqui news today, but keg is not well known. Look for huge move on friday...which will continue.

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    • This company is very heavily burdened with debt.
      Compare the debt to equity ratios of strong companies in
      the sector, and you will see that KEG is a very risky
      play right now. If the price of oil stays down, or
      goes further down, companies with low cash, which KEG
      has, and high debt, could end up in the
      dumper.

      KEG's receivables are growing at a frightening pace.
      They aren't getting paid on time. Their cash is down
      fro a year ago, and is not much more than their
      accounts currently payable. Debt is almost 4 times equity.
      Compare with Rowan, where the equity exceeds debt.


      Compare the graphs. Stronger stocks have bottomed above
      or at previous six-month lows. KEG has gone way
      below previous support levels. Buy strong companies,
      and make a bundle when this sector rises. Weak
      companies may no longer be around.

      RDC is a much
      better buy than KEG, with much less risk.

      Always
      do your own research.

      Wile E.

    • You have to be kidding. This stock (KEG) is an accident waiting to happen. Have you taken a look at long term debt. I see $825 million. With these low oil prices. Forget this company.

 
RDC
24.70+0.30(+1.23%)Nov 21 4:05 PMEST

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